Buying Climax underway in HSI.
Gap from 06 May last year will be completely filled at 30020. Sellers have been dumping aggressively from 28300 but Market has not established clear distribution range as of yet. Things will become more clear after the pullback. Next few weeks mostly between 28k-30k with higher prices to come.
Gap from 06 May last year will be completely filled at 30020. Sellers have been dumping aggressively from 28300 but Market has not established clear distribution range as of yet. Things will become more clear after the pullback. Next few weeks mostly between 28k-30k with higher prices to come.
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I hope not many of you lost too much money in last few weeks. I certainly did. One hard learned lesson i have taken from it is to "Never trust low volume". It can mean anything. I for one have no clue how to interpret it.
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Looking back at the selloff from 2018, 29k-31k area might be skipped this time and major chunk of distribution might happen above it.
As of now, new all time high looks like just a matter of time.